NZDCAD set a new lower low lower close on a daily, violating a key horizontal support. The broken structure turned into a strong resistance. I recommend looking for shorting opportunities from that. Goals will be 0.82 / 0.816 ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 On The Daily Time Frame The NZDUSD Price Reached A Support Level (0.60616-0.61007) ! Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET 1: 0.60000🎯 TARGET 2: 0.58900🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
NZDCHF is trading on a key daily support. Analyzing the reaction of the price to that structure on intraday time frames, I spotted a double bottom pattern on 1H time frame. The neckline of the pattern went broken. I believe it increases the probabilities that the pair will pull back. Goals: 0.5518 / 0.5535 ❤️Please, support my work with like, thank you!❤️
NZDUSD is trading inside a Channel Down, currently under both the 1D MA50 and 1D MA200 but approaching the bottom of the pattern. The 1D timeframe is technically bearish (RSI = 35.132, MACD = -0.002, ADX = 37.676) but when the RSI hit the bottom of the five month Rectangle it has been a buy signal. Similarly with the top being a sell signal. Those RSI tops and...
AUDNZD broke and closed below a key horizontal structure support on a daily. The broken structure and a falling trend line compose a contracting supply zone now. A bearish continuation will be expected on the pair. Next goal - 1.048 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 On The Daily Time Frame The AUDNZD Price Reached A Support Level (1.06374-1.05878) ! Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 ----------- TARGET: 1.05295🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Here is my latest structure analysis for NZDUSD/ Horizontal Key Levels Support 1: 0.6080 - 0.6120 area Resistance 1: 0.6365 - 0.6390 area Resistance 2: 0.6410 - 0.6440 area Resistance 3: 0.6506 - 0.6540 area Vertical Key Levels Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading this week. ❤️Please, support my...
GBPNZD reached a key horizontal structure support on Friday. The price formed a tiny double bottom pattern, approaching that. Its neckline was violated then and the pair is retesting that at the moment. I suppose that the market may bounce from the underlined blue area. Goals for buyers: 1.989 / 1.995 ❤️Please, support my work with like, thank you!❤️
EURNZD formed an inverted h&s pattern approaching a key horizontal structure support. The neckline of the pattern was broken just before the market closed. I will expect a pullback on Monday. Goals: 1.7255 / 1.7279 ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 The EURNZD Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔ The Price Failed To Create New Higher High📈 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----- TARGET: 1.72666🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDJPY set a new higher high higher close on a daily, violating a solid horizontal structure resistance. The broken structure and a trend line now compose a contracting zone of demand. I will expect a bullish move from that. Goals: 89.6 / 87.55 ❤️Please, support my work with like, thank you!❤️
Hello Traders👋🏻 The NZDCAD Price Reached a Supply Zone ✔️ The Price Failed To Create New Higher High and formed a Double TOP Pattern ✔️ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, NZDCAD Can Continue The Bearish Move 📉 ----- TARGET 1: 0.83490🎯 TARGET 2: 0.82851🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDCAD formed a cute double top pattern on a key horizontal resistance. Its neckline violation confirms the strength of the sellers. I expect a bearish move to 0.8389 ❤️Please, support my work with like, thank you!❤️
EURNZD reached a key daily structure resistance on Friday. Testing the underlined yellow area, the price formed a head & shoulders pattern on 1H time frame. Its neckline was broken during the NY session yesterday. I expect a bearish continuation to 1.735 / 1.725 For entries, consider an occasional retest of a broken neckline. ❤️Please, support my work with...
GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding. As long as the price trades inside the Megaphone, we will be long, targeting the 2.0...
An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...
An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...
The GBPNZD pair has given us a wonderful buy signal last time we looked at it (January 26) as the analysis below shows, hitting our 2.000 target: The price is now on the 1D MA50 (blue trend-line) and is a critical level as its closing will decide the short-term trend. If this 1D candle closes below it, we will sell and target the 1D MA200 (orange trend-line)...